Seaport Global Securities initiated coverage on shares of Huntington Ingalls Industries (NYSE:HII) in a research report sent to investors on Tuesday morning, BenzingaRatingsTable reports. The brokerage issued a neutral rating on the aerospace company’s stock. Seaport Global Securities also issued estimates for Huntington Ingalls Industries’ Q2 2020 earnings at $2.63 EPS, Q3 2020 earnings at $3.21 EPS, Q4 2020 earnings at $3.82 EPS, FY2020 earnings at $12.08 EPS and FY2021 earnings at $11.97 EPS.

A number of other analysts also recently weighed in on HII. Barclays reaffirmed a hold rating and issued a $295.00 target price on shares of Huntington Ingalls Industries in a research report on Thursday, January 23rd. Zacks Investment Research cut shares of Huntington Ingalls Industries from a buy rating to a sell rating and set a $293.00 price target on the stock. in a research note on Monday, January 27th. UBS Group dropped their price target on shares of Huntington Ingalls Industries from $310.00 to $300.00 and set a buy rating on the stock in a research note on Friday, February 14th. Citigroup cut shares of Huntington Ingalls Industries from an overweight rating to a neutral rating in a research note on Tuesday, February 18th. They noted that the move was a valuation call. Finally, ValuEngine cut shares of Huntington Ingalls Industries from a hold rating to a sell rating in a research note on Thursday, April 30th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company. Huntington Ingalls Industries presently has a consensus rating of Hold and an average target price of $251.33.

NYSE:HII opened at $182.77 on Tuesday. The firm’s 50-day moving average price is $184.53 and its 200-day moving average price is $226.49. The company has a market capitalization of $7.35 billion, a PE ratio of 13.35 and a beta of 1.11. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.03 and a quick ratio of 0.95. Huntington Ingalls Industries has a 1-year low of $147.14 and a 1-year high of $279.71.

Huntington Ingalls Industries (NYSE:HII) last released its earnings results on Thursday, May 7th. The aerospace company reported $4.23 earnings per share for the quarter, missing the Zacks’ consensus estimate of $4.52 by ($0.29). The business had revenue of $2.26 billion during the quarter, compared to analysts’ expectations of $2.11 billion. Huntington Ingalls Industries had a return on equity of 34.19% and a net margin of 6.64%. The firm’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same period in the prior year, the company earned $2.85 earnings per share. Equities analysts anticipate that Huntington Ingalls Industries will post 16.19 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Friday, May 29th will be paid a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a yield of 2.25%. The ex-dividend date of this dividend is Thursday, May 28th. Huntington Ingalls Industries’s dividend payout ratio is currently 29.41%.

In other Huntington Ingalls Industries news, VP Brian J. Cuccias sold 2,014 shares of the company’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $207.58, for a total transaction of $418,066.12. Following the transaction, the vice president now owns 57,259 shares in the company, valued at approximately $11,885,823.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP D R. Wyatt sold 1,150 shares of the company’s stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $235.31, for a total transaction of $270,606.50. Following the transaction, the vice president now owns 22,654 shares in the company, valued at approximately $5,330,712.74. The disclosure for this sale can be found here. Insiders have acquired a total of 8,183 shares of company stock worth $1,632,384 in the last 90 days. Company insiders own 2.76% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of HII. Steward Partners Investment Advisory LLC lifted its stake in shares of Huntington Ingalls Industries by 2.4% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 6,110 shares of the aerospace company’s stock worth $1,532,000 after purchasing an additional 143 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Huntington Ingalls Industries by 331.8% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 51,686 shares of the aerospace company’s stock worth $12,967,000 after purchasing an additional 39,715 shares during the period. Wealthfront Advisers LLC bought a new position in shares of Huntington Ingalls Industries in the 4th quarter worth approximately $220,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its stake in shares of Huntington Ingalls Industries by 75.3% in the 4th quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 333 shares of the aerospace company’s stock worth $84,000 after purchasing an additional 143 shares during the period. Finally, Exane Derivatives lifted its stake in shares of Huntington Ingalls Industries by 171,233.3% in the 4th quarter. Exane Derivatives now owns 15,420 shares of the aerospace company’s stock worth $4,225,000 after purchasing an additional 15,411 shares during the period. Institutional investors and hedge funds own 90.09% of the company’s stock.

About Huntington Ingalls Industries

Huntington Ingalls Industries, Inc engages in the designing, building, overhauling, and repairing military ships in the United States. It operates through three segments: Ingalls Shipbuilding, Newport News Shipbuilding, and Technical Solutions. The company is involved in the design and construction of non-nuclear ships comprising amphibious assault ships that include deck amphibious ships and transport dock ships; surface combatants; and national security cutters for the U.S.

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Analyst Recommendations for Huntington Ingalls Industries (NYSE:HII)

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